XIAOMI(HK:01810) Sou Hu Cai Jing·2025-06-04 04:27Group 1 - Xiaomi's CEO Lei Jun clarified that the rumored price of the Xiaomi YU7 at 235,900 yuan is incorrect [1] - Xiaomi's public relations manager Wang Hua stated that all circulating price versions of the YU7 are false and urged the public to wait for official announcements [3][5] - The official pricing for the YU7 will only be confirmed before its official launch, indicating that the company may still be finalizing the price [7] Group 2 - Xiaomi has allocated a total budget of 3.5 billion yuan for its smart driving research and development, with the YU7 set to debut a 1000 Clips end-to-end model [9] - Lei Jun predicted that Xiaomi's automotive business will achieve profitability in the third or fourth quarter of this year [11] - The competitive landscape includes Xpeng Motors, which also forecasts profitability in the fourth quarter, leading to speculation about which company will reach this milestone first [12] Group 3 - The recent Future Automotive Pioneer Conference featured Huawei's executive Yu Chengdong, who made bold claims about Huawei's smart driving capabilities, positioning them as industry leaders [14][16] - Yu Chengdong criticized the quality standards of other car manufacturers, suggesting that many should not be able to deliver vehicles based on Huawei's criteria [16] - The competitive tension between Xiaomi and Huawei is evident, with both companies vying for leadership in the automotive sector [23]